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Red Mountain PEA lacks lustre

The preliminary economic assessment for IDM Mining’s Red Mountain gold project in British Columbia, Canada, looks good at first glance. The post-tax internal rate of return is above the 20% threshold and the commodity prices used to calculate it are below the current spot level.

Red Mountain PEA lacks lustre Red Mountain PEA lacks lustre Red Mountain PEA lacks lustre Red Mountain PEA lacks lustre Red Mountain PEA lacks lustre

Is the latest PEA a true reflection of Red Mountain’s value?

The mine plan would see average annual production of 70,000 ounces of gold and 194,000oz of silver over a five-year mine life with payback coming two years after the start of production.

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